His namesake hedge fund firm, Fletcher Asset Management, is being sued by trustees of three Louisiana public pension plans over $145 million redemption requests, according to the Vanity Fair piece. What's more is his flagship fund filed for bankruptcy protection last summer.

Fletcher has a history of lawsuits.

He sued his former employer Kidder Peabody for racial discrimination. That suit was dismissed, but he won $1.3 million in arbitration, the Vanity Fair report said. He also filed a racial discrimination suit against the board of Upper West Side co-op The Dakota.

All that aside, his Connecticut home looks like something out of a fairy tale and we're going to take a tour.